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Trump-Backed Crypto WLFI to Airdrop USD1 Stablecoin to Early Holders
By: coinchapter|2025/05/08 05:00:05
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World Liberty Financial (WLFI), a crypto platform backed by members of the Trump family, is preparing to airdrop a small amount of its new stablecoin, USD1, to early WLFI token holders. The proposal, shared on WLFI’s governance forum on May 6, is currently seeing strong community support. More than 99.97% of votes —roughly 2.6 billion tokens—favor the airdrop. Only 0.03%, or 901,000 tokens, oppose it. The voting period will end on May 14. According to the proposal, testing the airdrop function in a live setting is essential to ensure smart contract readiness. The team also said the airdrop will introduce early adopters to USD1, which was launched in April. While the exact amount of USD1 to be distributed has not been decided, WLFI said it would depend on the number of eligible wallets and the total budget. The date of the airdrop is also yet to be confirmed. WLFI Expands Partnerships with HTX Global and ListaDAO WLFI has already started expanding the reach of its USD1 stablecoin. On May 5, the company announced a new partnership with HTX Global, a cryptocurrency exchange. USD1 trading went live on HTX on May 6, with withdrawals starting today on May 7. In addition, WLFI is partnering with ListaDAO to integrate USD1 into its DeFi ecosystem. ListaDAO confirmed that the USD1 Vault is already operational. The project will also launch a USD1/lisUSD liquidity pool and allow USD1 to be used as collateral in collateralized debt positions (CDPs). The two teams said more integrations are planned. According to WLFI, these partnerships support the token’s goals of increasing adoption while maintaining transparency and compliance. Eric Trump Backs USD1 as ‘ Most Compliant Stablecoin’ Eric Trump, the son of President Donald Trump, and WLFI co-founder Zach Witkoff have emphasized their ambition to make USD1 the most compliant and transparent stablecoin in the market. He has also suggested that stablecoins like USD1 could support the global use of the US dollar. Despite its ambitions, WLFI remains under scrutiny . The platform launched its USD1 stablecoin just weeks after the U.S. Congress introduced the STABLE Act, which would tighten regulations on stablecoins. Critics have raised concerns over potential conflicts of interest given Donald Trump’s ties to WLFI. Out of the $550 million WLFI raised from two public token sales, around $390 million reportedly went to DT Marks DEFI LLC—a Trump-affiliated firm. This has raised additional questions about financial transparency. Further concerns stem from the fact that WLFI’s governance token remains non-transferable, limiting decentralization. U.S. lawmakers, including Senator Elizabeth Warren and Representative Maxine Waters, have urged the Securities and Exchange Commission (SEC) to release internal documents on WLFI, citing possible regulatory favoritism.
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